this post was submitted on 20 Mar 2026
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[–] usernamesAreTricky@lemmy.ml 23 points 1 week ago (1 children)

There is a silver lining to this, it's going to push everyone to do the things we should have already been doing for climate change at a much faster pace


Renewable energy, especially solar, in recent years as already become the cheapest form of power per kWh. It's made up 90+% of global new electricity capacity in the last year. New instillation will likely go even further. The war in Ukraine already helped ramp up renewables in many countries and the oil supply shock here is far higher than that.

This doesn't have to come solely from the top down either. Besides the roof-top solar setups you think of, plug in solar is becoming available in more locations which also allows it to exist for apartments, renters, or just someone who wants a smaller but plug and play install. Outside the US, it's already a thing in Germany, Austria, France, Lithuania, etc. More states in the US have been looking at approving plug in solar which makes small setups easy to install and possible on balconies. Utah has approved it a few years ago, Vermont just approved it earlier this year, Virginia seems set to do so.


It's also going to lead towards more electrification. From last week

Induction stove sales on Amazon India have jumped more ⁠than 30-fold, while rice cookers and electric pressure cookers are up fourfold, a company spokesperson said.

Kitchen ​appliances maker TTK Prestige (TTKL.NS), opens new tab said demand for induction stoves had surged far beyond supply.

"There is a threefold ​surge (in demand)," CEO Venkatesh Vijayaraghavan told Reuters.

https://www.reuters.com/business/energy/induction-stoves-fly-off-shelves-india-gas-shortage-fears-spark-panic-buying-2026-03-12/

[–] Boozilla@lemmy.world 18 points 1 week ago

https://www.thedissident.news/the-last/

It's a sobering article. Predicting the economic future is always going to depend on numerous variables. Hopefully it won't be this bad.

[–] FistingEnthusiast@lemmy.world 15 points 1 week ago (2 children)

I'm so happy that I have an electric car and solar at home to power it

[–] StillAlive@piefed.world 2 points 1 week ago (1 children)

Oil is also essential in production of many other products such as medicines and fertilisers. Good luck photosynthesising. 

[–] FistingEnthusiast@lemmy.world 5 points 1 week ago

I'm well aware

The stupidest thing to do with oil is to burn it

My point still stands. My EV means that I'm less affected than some

[–] jaykrown@lemmy.world 1 points 1 week ago

I'm happy you do too. Please do your best to share you experience and knowledge with as many as possible, even if they seem like they don't want to hear it, they need to.

[–] IAmYouButYouDontKnowYet@reddthat.com 11 points 1 week ago (1 children)

Suicide bombers ...in America I think they are called mass shooters.

[–] Tollana1234567@lemmy.today 2 points 1 week ago

white supremecists are too cowardly to be suicide bombers.

[–] RamRabbit@lemmy.world 6 points 1 week ago* (last edited 1 week ago) (1 children)

Every oil company and exporting nation: Drill baby, drill!

Long term, we will see Guyana and Venezuela added into the market, neither of which can be hampered by Iran or Yemen, and both of whom have massive reserves.

[–] Tollana1234567@lemmy.today 1 points 1 week ago

venezuela might be too costly since thier oil is very difficult to refine, something about it being heavy oil, might be more expensive than it cost to sell. hence why we hear almost no more news about VENEZUELA in recent months.

[–] ace_garp@lemmy.world 4 points 1 week ago (1 children)
[–] Tollana1234567@lemmy.today 1 points 1 week ago

electric prices are already up due to AI data centers in many states. thats why they are trying to get INDIA to build them, no regulations and less oversight.

[–] bdonvr@thelemmy.club 2 points 1 week ago

Well oil prices being high makes transportation more expensive which makes everything more expensive

[–] Iconoclast@feddit.uk 1 points 1 week ago

Oil prices skyrocketed during the Russian invasion of Ukraine as well. Markets react to world events. Shocking.

I don't worry about it - I'm playing the long game.